Kavango Resources plc has started drilling to delineate a mineral resource for the basis of an open pit mine at Prospect 3 within the Hillside gold project in Matabeleland, southern Zimbabwe. DEPOSITS The programme will also obtain samples for metallurgical test work. Prospect 3 is the second of two priority targets at Hillside, with Prospect […]
Day: 20 January 2025
Panther converts £53,668 CLNs into shares
Panther Metals plc has received notice to convert the remaining principal amount of convertible loan notes plus interest for a total £53,668 including a 4.25% extension premium. The Ontario-focused company issued to the remaining holders 52,360 new ordinary shares at £1.025 per ordinary share. Following admission, Panther’s total issued share capital will consists of 4,279,080 […]
CMR converts £33,000 CLN into shares
Critical Mineral Resources plc has received notice to convert the principal amount of a convertible loan note plus accrued and unpaid interest for a total £33,000. The Morocco-focused company issued 1,462,926 new ordinary shares of £0.01 each and allotted 1,537,074 treasury shares of £0.01 each, for a total three million ordinary shares. Following admission, CMR’s […]
Kouroussa misses target commercial production
Hummingbird Resources plc said that the Kouroussa gold mine had achieved commercial production below target due to “lower than expected” mill feed grade. CONSTRAINTS The Guinea project’s four-week trailing average production increased to approximately 1,900 oz, lower than the previously announced target of 2,000-2,500 oz per week. The figure is not expected to ease the […]